Avanza hits bottom of STOXX after Q3 miss

Avanza Bank Holding AB (publ)

16/10/2026 08:39

** Avanza AVANZ.ST shares fall around 4% after the Swedish financial services company's Q3 results missed analysts' expectations 
** Its quarterly operating income of SEK 1,283 million ($129.39 million) and operating profit of SEK 920 million missed the company-provided consensus of SEK 1,310 million and SEK 935 million, respectively 
** It reiterated the guidance of an underlying cost growth of about 9% for Sweden, while revising costs for Denmark downward to SEK 40 million 
** J.P. Morgan attributes the earnings miss to lower income despite better-than-expected costs
** Within revenues, most components missed estimates, the brokerage says 
** JPM expects low single-digit downward revision to consensus estimates, given the lower fund revenue margins and weaker-than-expected NII
** Avanza, with shares on track for their worst day since April if losses hold, is the worst performer on the pan-European STOXX 600 index .STOXX
** Shares in local peer Nordnet SAVE.ST are down 1.6% at 0730 GMT
     
     
($1 = 9.9160 Swedish crowns)

(Reporting by Marta Frackowiak)
((marta.frackowiak@thomsonreuters.com))